Dr. Pedro Paez talks about the creation of a new financial architecture in Latin America, based on principles of redistribution, environmental sustainability and social cohesion rather than market principles that dominated the old architecture.
Whose interest does the ten-year Strategy document for Africa actually serve? The World Bank has shown little insight into the real problems Africa faces, focusing instead on ineffective policies, support for repressive regimes and projects that are known to have failed.
The world has had more than enough of the Washington Consensus. It’s time to impose an Istanbul Consensus based on common sense, low-cost solutions, public honesty and simple justice and give the people of the LDCs, at last, a chance.